Headlands Technologies LLC Makes New Investment in Kanzhun Limited (NASDAQ:BZ)

Headlands Technologies LLC purchased a new stake in shares of Kanzhun Limited (NASDAQ:BZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 99,009 shares of the company’s stock, valued at approximately $1,366,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after purchasing an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Kanzhun during the 4th quarter valued at about $63,000. Virtu Financial LLC bought a new stake in Kanzhun in the 4th quarter worth approximately $162,000. Premier Fund Managers Ltd grew its position in Kanzhun by 25.4% during the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock valued at $180,000 after acquiring an additional 2,661 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new position in shares of Kanzhun during the third quarter worth approximately $263,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 0.6 %

BZ opened at $19.06 on Wednesday. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The firm’s 50 day simple moving average is $16.93 and its two-hundred day simple moving average is $15.33. The company has a market capitalization of $7.26 billion, a PE ratio of 42.36 and a beta of 0.46.

Wall Street Analyst Weigh In

Several research firms recently commented on BZ. Barclays increased their target price on shares of Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.71.

Kanzhun Company Profile

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.